$ETH As the price of Bitcoin approaches the $110,000 mark, something more noteworthy is happening quietly behind the scenes: the amount of BTC withdrawn from exchanges is increasing sharply.
According to data from CryptoQuant, about 550,000 BTC has 'disappeared' from exchanges in just one year – down from 1.55 million BTC in July 2024 to only 1.01 million BTC currently.
This indicates that investors are prioritizing long-term storage rather than short-term trading, by transferring assets to cold wallets or secure off-exchange storage solutions.
